Vishay Intertechnology, Inc. acquired Neptune 6 Limited from Nexperia B.V.
March 05, 2024
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Vishay Intertechnology, Inc. (NYSE:VSH) entered into an agreement to acquire Neptune 6 Limited from Nexperia B.V. for approximately $180 million on November 8, 2023. Under the terms of agreement, Vishay Intertechnology is paying consideration in cash which is subject to customary post-closing adjustments. To effect the transaction, Vishay will acquire a 100 % interest in the legal entity Neptune 6 Limited , and its wholly-owned operating subsidiary, Nexperia Newport Limited, which owns and operates the Newport facility. Whilst Nexperia is working on ensuring that all conditions to the sale are met soonest, it will continue to own and manage the site and support the employees as usual.
The closing of Newport wafer fab transaction is subject to UK government review, the purchase rights of a third party, and customary closing conditions, and is expected to occur in the first quarter of 2024. Stephen Rothrock of ATREG, Inc. served as financial advisor to Nexperia.
Vishay Intertechnology, Inc. (NYSE:VSH) completed the acquisition of Neptune 6 Limited from Nexperia B.V. on March 6, 2024. The final order allows the acquisition to complete subject to the condition that Siliconix, Vishay, or their subsidiaries must inform the Secretary of State in advance of completing any agreement to sell, transfer, grant a lease or licence to any third party which allows that third party to use any part of the Newport site.
Vishay Intertechnology, Inc. (Vishay) is engaged in manufacturing a portfolio of discrete semiconductors and passive electronic components, which supports designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Vishay designs, manufactures, and markets electronic components that cover a range of functions and technologies. Its products include commodity, non-commodity, and custom products. Vishayâs brands include Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, and BCcomponents. Vishayâs semiconductors products include metal oxide semiconductor field-effect transistors (MOSFETs), diodes, and optoelectronic components. The Companyâs semiconductor components are used for a variety of functions, including power control, power conversion, signal switching, signal routing, signal blocking, two-way data transfer, and circuit isolation.